Insurance Australia : IAG unveils its Ambition 2030 refreshed strategy

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Company news IAG unveils its Ambition 2030 refreshed strategy 12 May, 2026 2 Share this story: IAG has today announced a refreshed strategy and long-term financial targets as part of its Ambition 2030 , being launched at its Investor Day held in Sydney. Under Ambition 2030 , IAG expects to serve more than 11 million customers, with over $25 billion gross written premium (GWP) by 2030. The group will strengthen its position as one of Australia and New Zealand's leading insurance companies, with a goal of delivering 15%+ return on equity, high single-digit earnings per share (EPS) growth per annum, and top quartile shareholder returns.[1] Having successfully delivered on targets set in FY21, IAG is well positioned to deliver Ambition 2030 and four strategic priorities: Customer Obsession; Insurance Excellence; Future Fit Operations; and Exceptional People . IAG's strategy will be achieved through leading retail and intermediated brands and distribution channels, deep customer data, modern technology platforms and an integrated claims supply chain. The group expects to deliver sustainable earnings growth with its capital-lite balance sheet and comprehensive reinsurance program providing strong downside protection and lower volatility financial outcomes. IAG is now a stronger, more resilient business. Over the past five years, we have delivered on our targets and laid solid foundations for our new Ambition 2030 goals. IAG Managing Director and CEO Nick Hawkins "Our Ambition 2030 will be enabled by our modern technology platform. We are nearing the final stages of our multi-year platform simplification journey, which provides us with the ability to rapidly adapt to changing consumer preferences in a world of agentic AI," Mr Hawkins said. "Our leading retail business and disciplined, profitable intermediated business deliver our purpose through some of the most trusted insurance brands in the world. "In the last 12 months, we have strengthened our unique member-based culture through strategic alliances with RACQ and RAC 1 . These partnerships build on our customer focused, mutual heritage, and provide new sources of growth." 2026 Investor Day At its 2026 Investor Day, members of IAG's leadership team will provide an overview of the group's refreshed strategy, financial model and targets, as well as strategic updates from the operating divisions in Australia and New Zealand. The Investor Day also includes an opportunity to experience IAG's state-of-the-art 24/7 Major Event Command Centre as well as its unique Automotive Research Centre which supports IAG's understanding of the evolving technologies that are transforming motor vehicles and their repair requirements. A webcast of the event will commence at 2:00pm (Sydney time) and can be viewed here . Complete Investor Day materials, including speaker notes and presentations, can be found on the Investor Day 2026 page . [1] Targets assume completion of the acquisition of RAC Insurance which is subject to regulatory approvals and customary closing conditions. Refer to the important information on page 2 of the IAG Investor Day 2026 presentation, particularly the risks in relation to forward looking statements. Tags Financial Performance Strategy Share this story: Media enquiries Contact IAG media team Related stories 23 February, 2026 Company news IAG Group Leadership Team update Financial Performance 12 February, 2026 Company news IAG Half Year 2026 Results Financial Performance 29 January, 2026 Company news Can smart car tech save lives? IAG tests driver assist systems in Australian-first study Financial Performance

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